SBA 7(a)/504 FOIA · FY1991–PRESENT · NEVADA
Subway franchise in Nevada: what the public record shows
Franchisees of Subway in Nevada have taken 37 SBA loans since 1991 (average $177,364), and of the 27 loans whose story has ended, 7.4% were charged off — versus 6.8% for Subway nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 164 franchised outlets in Nevada (fiscal 2025) — about 5.02 per 100k residents.
Loans in NV
37
Resolved
27
Local charge-off
7.4%
National charge-off
6.8%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NV. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 172 | 0 |
| 2024 | 169 | 0 |
| 2025 | 164 | 0 |
| System | Loans in NV | Local charge-off | Units in NV |
|---|---|---|---|
| DAIRY QUEEN | 32 | 22.2% | — |
| BIG O TIRES | 15 | 20.0% | 17 |
| Firehouse Subs | 12 | thin | 12 |
| POSTNET | 12 | 10.0% | 11 |
| Allstate Insurance | 9 | thin | — |
| MASSAGE ENVY | 8 | thin | 16 |
| PETLAND | 7 | thin | 2 |
| HOTWORX | 6 | thin | 10 |
| CODE NINJAS | 5 | thin | 3 |
| Fastsigns | 5 | thin | — |
| Matco Tools | 5 | thin | — |
| RODEWAY INN | 5 | thin | 4 |
Same sector, same state, same public records — how Subway compares to the systems a buyer in Nevada would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
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